Cash game players would naturally lean towards calculating EV in tournament spots based on the amount of chips alone. This value is called chip EV or cEV for short and the fundamental problem with using it in a tournament poker context is that it's simply less accurate than what ICM can offer us.
It covers every aspect of satellite play, from the important bubble stage, but even explaining the poker game theory behind late registering, post flop play, poker mindset issues unique to satellites and how to adjust in live poker tournaments. It has everything a texas hold'em player needs to qualify for big poker tournaments like the World Poker Tour, EPT or World Series of Poker.
The advantage of this ICM arrangement is that a paid seat has just been added (the 5th position). If you are in a tournament as in the example above and you see that the remaining players are of your caliber (or better), it is strongly recommended to make an ICM deal and cash out your share of the pie. As there is a lot of variance in.
The Independent Chip Model (ICM) is a mathematical approach to sit n go's and multi table tournaments. Chips are assigned a value based on the number of chips in play, the number of players left, stack distribution, the prize pool and payout distribution. Using all of this information, you can then determine how much equity in dollars you have in a tournament. For example, my standard game is.
